Private Schools Market: ZIP 01776
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01776 is an urban area with low foot traffic. with a population of 19,067 and household incomes well above the national median ($234,634).
Area Profile
19,067
Population
$234,634
Median Income
+215% vs. national
Urban
Area Type
6.7/20
Foot Traffic
Car-Dependent
Median Age: 43.5 —
older demographic, may prefer sit-down options.
College-Educated: 55.7% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 01776.
18
Child Care Centers
9.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,550
2BR Fair Market Rent
$1,427
Median Gross Rent
$940 K
Median Home Value
8
Bank Branches
$1.3 M deposits
Tips for Starting a Private School Business in Massachusetts
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
- The median income here is $234,634. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 18
- Bank Branches
- 8
vs. National Average
Median Income
+215% vs. $74,580
Walkability
-3.8 pts vs. national avg
Nearby Markets
01754
3.8 mi
Pop: 10,663
$119,549
Walk: 7.2
01778
4.5 mi
Pop: 13,915
$219,531
Walk: 8.2
01701
4.6 mi
Pop: 32,270
$127,000
Walk: 9.7
01742
6.7 mi
Pop: 18,337
$211,435
Walk: 9.2
01720
7.0 mi
Pop: 23,322
$154,101
Walk: 7.3
01775
7.1 mi
Pop: 7,109
$177,862
Walk: 6.8
01702
7.1 mi
Pop: 39,761
$78,784
Walk: 13.3
01773
8.1 mi
Pop: 5,257
$197,292
Walk: 7.8
Check Another Market
Or estimate costs with the PrivateSchoolCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits